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The history of AI in economics is long and winding, much the same as the evolving field of AI itself. Economists have engaged with AI since its beginnings, albeit in varying degrees and with changing focus across time and places. In this study, we have explored the diffusion of AI and different...
Persistent link: https://www.econbiz.de/10012623983
During the Great Recession, the collapse of consumption across the U.S. varied greatly but systematically with house-price declines. We find that financial distress among U.S. households amplified the sensitivity of consumption to house-price shocks. We uncover two essential facts: (1) the...
Persistent link: https://www.econbiz.de/10012137091
As artificial intelligence (AI) thrives and propagates through modern life, a key question to ask is how to include humans in future AI? Despite humaninvolvement at every stage of the production process from conception and design through to implementation, modern AI is still often criticized for...
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We investigate three alternative but complementary indicators of market power on one of the largest online labour markets (OLMs) in Europe: (1) the elasticity of labour demand, (2) the elasticity of labour supply, and (3) the concentration of market shares. We explore how these indicators relate...
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The recent acceleration and ongoing development in Artificial Intelligence (AI) and its related (and/or enabling) digital technologies presents new challenges and considerable opportunity on which businesses and individuals may capitalise. In the era of BD - and with increasing societal value...
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AI and Big Data provide opportunities and challenges with respect to how we achieve safety in livable smart cities. In this contribution, we look at set of aspects that are important at the city level; namely, how urban analytics and digital technologies can be used; how crime safety is influenced...
Persistent link: https://www.econbiz.de/10012522582